{"id":123678,"date":"2024-11-09T02:14:19","date_gmt":"2024-11-08T19:14:19","guid":{"rendered":"https:\/\/hotvideos24.online\/?p=123678"},"modified":"2024-11-09T02:14:19","modified_gmt":"2024-11-08T19:14:19","slug":"nvidia-the-worlds-most-valuable-company-has-officially-joined-the-dow","status":"publish","type":"post","link":"https:\/\/hotvideos24.online\/?p=123678","title":{"rendered":"Nvidia, the world&#8217;s most valuable company, has officially joined the Dow"},"content":{"rendered":"<p> <script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-3711241968723425\"\r\n     crossorigin=\"anonymous\"><\/script>\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-format=\"fluid\"\r\n     data-ad-layout-key=\"-fb+5w+4e-db+86\"\r\n     data-ad-client=\"ca-pub-3711241968723425\"\r\n     data-ad-slot=\"7910942971\"><\/ins>\r\n<script>\r\n     (adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script><br \/>\n<\/p>\n<div>\n<p class=\"yf-1pe5jgt\"><!-- HTML_TAG_START -->AI chipmaker Nvidia (<a data-i13n=\"cpos:1;pos:1\" href=\"https:\/\/finance.yahoo.com\/quote\/NVDA\" data-ylk=\"slk:NVDA;cpos:1;pos:1;elm:context_link;itc:0;sec:content-canvas\" class=\"link \">NVDA<\/a>) has officially joined the Dow Jones Industrial Average (<a data-i13n=\"cpos:2;pos:1\" href=\"https:\/\/finance.yahoo.com\/quote\/%5EDJI\" data-ylk=\"slk:^DJI;cpos:2;pos:1;elm:context_link;itc:0;sec:content-canvas\" class=\"link \">^DJI<\/a>), cementing the tech giant&#8217;s significance in the artificial intelligence era.<!-- HTML_TAG_END --><\/p>\n<p class=\"yf-1pe5jgt\"><!-- HTML_TAG_START -->Despite a broader decline in chip stocks Friday afternoon, Nvidia was on track to notch a weekly gain of roughly 9%. That surge has helped it overtake Apple (<a data-i13n=\"cpos:3;pos:1\" href=\"https:\/\/finance.yahoo.com\/quote\/AAPL\" data-ylk=\"slk:AAPL;cpos:3;pos:1;elm:context_link;itc:0;sec:content-canvas\" class=\"link \">AAPL<\/a>) this week as the world\u2019s most valuable company, with its $3.6 trillion market cap ahead of Apple\u2019s $3.4 trillion.<!-- HTML_TAG_END --><\/p>\n<p class=\"yf-1pe5jgt\"><!-- HTML_TAG_START -->\u201cA lot of us on Wall Street talk about the S&amp;P 500 (<a data-i13n=\"cpos:4;pos:1\" href=\"https:\/\/finance.yahoo.com\/quote\/%5EGSPC\" data-ylk=\"slk:^GSPC;cpos:4;pos:1;elm:context_link;itc:0;sec:content-canvas\" class=\"link \">^GSPC<\/a>) and the Nasdaq (<a data-i13n=\"cpos:5;pos:1\" href=\"https:\/\/finance.yahoo.com\/quote\/%5EIXIC\" data-ylk=\"slk:^IXIC;cpos:5;pos:1;elm:context_link;itc:0;sec:content-canvas\" class=\"link \">^IXIC<\/a>). But really most of America knows the Dow,\u201d said Ritholtz Wealth Management chief market strategist Callie Cox in an interview with Yahoo Finance Friday, \u201cSo a lot of America is going to be introduced or at least have to get a little bit more familiar with Nvidia, and all of what Nvidia means in this AI story.\u201d<!-- HTML_TAG_END --><\/p>\n<p class=\"yf-1pe5jgt\"><!-- HTML_TAG_START -->The AI chip market is set to grow 99% in 2024 and another 74% next year, according to consulting firm International Business Strategies, which tracks industry data.<!-- HTML_TAG_END --><\/p>\n<p class=\"yf-1pe5jgt\"><!-- HTML_TAG_START -->Nvidia has repeatedly disproven <a data-i13n=\"cpos:6;pos:1\" href=\"https:\/\/finance.yahoo.com\/news\/nvidia-stock-sinks-on-fears-of-ai-spending-slowdown-185105032.html\" data-ylk=\"slk:fears of a so-called AI bubble;cpos:6;pos:1;elm:context_link;itc:0;sec:content-canvas;outcm:mb_qualified_link;_E:mb_qualified_link;ct:story;\" class=\"link  yahoo-link\">fears of a so-called AI bubble<\/a> and <a data-i13n=\"cpos:7;pos:1\" href=\"https:\/\/finance.yahoo.com\/news\/nvidia-stock-soars-to-fresh-record-as-wall-street-stays-bullish-ahead-of-earnings-190404027.html\" data-ylk=\"slk:shows no signs of a slowdown;cpos:7;pos:1;elm:context_link;itc:0;sec:content-canvas;outcm:mb_qualified_link;_E:mb_qualified_link;ct:story;\" class=\"link  yahoo-link\">shows no signs of a slowdown<\/a>. CEO Jensen Huang has touted <a data-i13n=\"cpos:8;pos:1\" href=\"https:\/\/finance.yahoo.com\/news\/nvidia-stock-rises-as-ceo-jensen-huang-touts-insane-chip-demand-162700341.html\" data-ylk=\"slk:\u201cinsane\u201d demand;cpos:8;pos:1;elm:context_link;itc:0;sec:content-canvas;outcm:mb_qualified_link;_E:mb_qualified_link;ct:story;\" class=\"link  yahoo-link\">\u201cinsane\u201d demand<\/a> for the company&#8217;s chips.<!-- HTML_TAG_END --><\/p>\n<p class=\"yf-1pe5jgt\"><!-- HTML_TAG_START -->Some 90% of analysts recommend buying Nvidia stock and see shares hitting $149.38 over the next 12 months, according to Bloomberg consensus estimates. Shares stood at $147.36 Friday.<!-- HTML_TAG_END --><\/p>\n<figure class=\"yf-8xybrv\">\n<div class=\"image-container yf-24rror loader\" style=\"--max-height: 640px;\">\n<div class=\"image-wrapper yf-24rror\" style=\"--aspect-ratio: 960 \/ 640; --img-max-width: 960px;\"><img fetchpriority=\"high\" decoding=\"async\" src=\"data:image\/gif;base64,R0lGODlhAQABAIAAAAAAAP\/\/\/ywAAAAAAQABAAACAUwAOw==\" alt=\"CEO Jensen Huang walks on stage before the keynote address of Nvidia GTC in San Jose, Calif. (AP Photo\/Eric Risberg)\" loading=\"eager\" height=\"640\" width=\"960\" class=\"yf-24rror loader\"\/><\/div>\n<\/div><figcaption class=\"yf-8xybrv\"><!-- HTML_TAG_START -->CEO Jensen Huang walks on stage before the keynote address of Nvidia GTC in San Jose, Calif. (AP Photo\/Eric Risberg)<!-- HTML_TAG_END -->  <span class=\"caption-separator yf-8xybrv\" data-svelte-h=\"svelte-nxhdlu\">\u00b7<\/span> <span>ASSOCIATED PRESS<\/span><\/figcaption><\/figure>\n<p class=\"yf-1pe5jgt\"><!-- HTML_TAG_START -->Meanwhile, the former tech darling Intel (<a data-i13n=\"cpos:9;pos:1\" href=\"https:\/\/finance.yahoo.com\/quote\/INTC\" data-ylk=\"slk:INTC;cpos:9;pos:1;elm:context_link;itc:0;sec:content-canvas\" class=\"link \">INTC<\/a>), which Nvidia replaced in the Dow, has fallen nearly 50% since the beginning of 2024 as investors grow wary of its <a data-i13n=\"cpos:10;pos:1\" href=\"https:\/\/www.reuters.com\/technology\/intel-manufacturing-business-suffers-setback-broadcom-tests-disappoint-sources-2024-09-04\/\" rel=\"nofollow noopener\" target=\"_blank\" data-ylk=\"slk:ongoing production issues;cpos:10;pos:1;elm:context_link;itc:0;sec:content-canvas\" class=\"link \">ongoing production issues<\/a> and <a data-i13n=\"cpos:11;pos:1\" href=\"https:\/\/www.theverge.com\/2024\/4\/2\/24119454\/intels-chipmaking-business-7-billion-loss\" rel=\"nofollow noopener\" target=\"_blank\" data-ylk=\"slk:gloomy financials;cpos:11;pos:1;elm:context_link;itc:0;sec:content-canvas\" class=\"link \">gloomy financials<\/a> and question whether its <a data-i13n=\"cpos:12;pos:1\" href=\"https:\/\/www.forbes.com\/sites\/patrickmoorhead\/2024\/09\/20\/intel-makes-a-slew-of-announcements-supporting-its-turnaround-strategy\/\" rel=\"nofollow noopener\" target=\"_blank\" data-ylk=\"slk:turnaround plan;cpos:12;pos:1;elm:context_link;itc:0;sec:content-canvas\" class=\"link \">turnaround plan<\/a> will succeed.<!-- HTML_TAG_END --><\/p>\n<p class=\"yf-1pe5jgt\"><!-- HTML_TAG_START -->In Trump&#8217;s second term, Nvidia, like the rest of the AI chip market, could face hurdles in the form of high tariffs on Chinese goods and heightened trade tensions. The president-elect has suggested <a data-i13n=\"cpos:13;pos:1\" href=\"https:\/\/www.cnbc.com\/2024\/11\/04\/trump-tariffs-retail-price-spikes-nrf-report-2024-election.html\" rel=\"nofollow noopener\" target=\"_blank\" data-ylk=\"slk:imposing 10%-20%;cpos:13;pos:1;elm:context_link;itc:0;sec:content-canvas\" class=\"link \">imposing 10%-20%<\/a> tariffs across the board and a 60% tariff on imports from China \u2014 levels <a data-i13n=\"cpos:14;pos:1\" href=\"https:\/\/taxfoundation.org\/blog\/trump-mckinley-tariffs-great-depression\/\" rel=\"nofollow noopener\" target=\"_blank\" data-ylk=\"slk:unseen since the Great Depression;cpos:14;pos:1;elm:context_link;itc:0;sec:content-canvas\" class=\"link \">unseen since the Great Depression<\/a>. Nvidia manufactures its chips in Taiwan with TSMC (<a data-i13n=\"cpos:15;pos:1\" href=\"https:\/\/finance.yahoo.com\/quote\/TSMC34.SA\" data-ylk=\"slk:TSMC34.SA;cpos:15;pos:1;elm:context_link;itc:0;sec:content-canvas\" class=\"link \">TSMC34.SA<\/a>), which uses components from China to make those chips.<!-- HTML_TAG_END --><\/p>\n<p class=\"yf-1pe5jgt\"><!-- HTML_TAG_START -->&#8220;Trump&#8217;s victory brings further uncertainty to the semiconductor sector in terms of its impact on additional China restrictions, higher tariffs, and CHIPS Act funding,&#8221; Jefferies analysts wrote in a note Friday.<!-- HTML_TAG_END --><\/p>\n<p class=\"yf-1pe5jgt\"><!-- HTML_TAG_START -->\u201cDisruptions to the global supply chain would be a problem for NVIDIA because they&#8217;d be a problem for TSMC,\u201d D.A. Davidson analyst Gil Luria told Yahoo Finance in an interview this week.<!-- HTML_TAG_END --><\/p>\n<p class=\"yf-1pe5jgt\"><!-- HTML_TAG_START -->The chipmaker is set to <a data-i13n=\"cpos:16;pos:1\" href=\"https:\/\/investor.nvidia.com\/events-and-presentations\/events-and-presentations\/default.aspx\" rel=\"nofollow noopener\" target=\"_blank\" data-ylk=\"slk:report quarterly earnings on Nov. 20;cpos:16;pos:1;elm:context_link;itc:0;sec:content-canvas\" class=\"link \">report quarterly earnings on Nov. 20<\/a>.<!-- HTML_TAG_END --><\/p>\n<p class=\"yf-1pe5jgt\"><!-- HTML_TAG_START --><em>Laura Bratton is a reporter for Yahoo Finance. Follow her on X @LauraBratton5.<\/em><!-- HTML_TAG_END --><\/p>\n<p><button class=\"secondary-btn fin-size-large readmore-button rounded   yf-15mk0m\" data-ylk=\"elm:readmore;itc:1;sec:content-canvas;slk:Story%20Continues\" aria-label=\"Story Continues\" title=\"Story Continues\"> <span>Story Continues<\/span> <\/button> <\/p>\n<\/p><\/div>\n<p><script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-3711241968723425\"\r\n     crossorigin=\"anonymous\"><\/script>\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-format=\"fluid\"\r\n     data-ad-layout-key=\"-fb+5w+4e-db+86\"\r\n     data-ad-client=\"ca-pub-3711241968723425\"\r\n     data-ad-slot=\"7910942971\"><\/ins>\r\n<script>\r\n     (adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script><br \/>\n<br \/><div data-type=\"_mgwidget\" data-widget-id=\"1660802\">\r\n<\/div>\r\n<script>(function(w,q){w[q]=w[q]||[];w[q].push([\"_mgc.load\"])})(window,\"_mgq\");\r\n<\/script>\r\n<br \/>\n<br \/><a href=\"https:\/\/finance.yahoo.com\/news\/nvidia-the-worlds-most-valuable-company-has-officially-joined-the-dow-175854712.html\">Source link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>AI chipmaker Nvidia (NVDA) has officially joined the Dow Jones Industrial Average (^DJI), cementing the tech giant&#8217;s significance in the artificial intelligence era. Despite a broader decline in chip stocks &hellip; <a href=\"https:\/\/hotvideos24.online\/?p=123678\" class=\"more-link\">Read More<\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5],"tags":[],"class_list":["post-123678","post","type-post","status-publish","format-standard","hentry","category-business","entry"],"_links":{"self":[{"href":"https:\/\/hotvideos24.online\/index.php?rest_route=\/wp\/v2\/posts\/123678","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/hotvideos24.online\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/hotvideos24.online\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/hotvideos24.online\/index.php?rest_route=\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/hotvideos24.online\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=123678"}],"version-history":[{"count":0,"href":"https:\/\/hotvideos24.online\/index.php?rest_route=\/wp\/v2\/posts\/123678\/revisions"}],"wp:attachment":[{"href":"https:\/\/hotvideos24.online\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=123678"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hotvideos24.online\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=123678"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hotvideos24.online\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=123678"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}